Two high-profile brokers clash on cost versus platform depth and protection. Dukascopy emphasizes a Swiss FINMA license and a proprietary platform, while Fusion Markets targets ultra-low commissions.
Dukascopy and Fusion Markets are closely matched overall, with the clearest difference being instrument breadth: 1,200 vs 250.
Find out which broker best suits your trader profile.
Choose Dukascopy if…
Choose Dukascopy if you want a Swiss-licensed broker with a proprietary platform and advanced charting.
Choose Fusion Markets if…
Choose Fusion Markets if you prefer ultra-low commissions and negative balance protection.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Fusion Markets offers tighter spreads from 0.00 pips vs 0.10 pips for Dukascopy, reducing trading costs.
| Editorial score | 4.3/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.9 / 5▲ | 4.2 / 5 |
Pros
Full FINMA banking licence - client cash protected under Swiss deposit guarantee up to CHF 100,000
Genuine interbank SWFX ECN liquidity from 14+ institutional providers
EUR/USD variable spreads from 0.1 pips during London/New York overlap
JForex supports Java/Groovy strategy automation built into the platform
Banking-grade transparency with published balance sheet
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Dukascopy | Fusion Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Fail | Fail |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Fail |
The scores are close: Dukascopy rates 4.3/5 and Fusion Markets rates 4.2/5. Dukascopy has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Fusion Markets starts from 0 pips, tighter than Dukascopy's 0.1 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Fusion Markets has no minimum deposit, while Dukascopy requires at least $1000. This makes Fusion Markets more accessible for traders with limited starting capital.
Both Dukascopy and Fusion Markets hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
Fusion Markets stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
Dukascopy lists maximum leverage of 200:1, while Fusion Markets lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Fusion Markets charges $4.5 per lot, lower than Dukascopy's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
Dukascopy supports Proprietary Web/Mobile, MetaTrader 4, while Fusion Markets supports cTrader, MetaTrader 5, MetaTrader 4. Both provide MetaTrader 4. Dukascopy has exclusive access to Proprietary Web/Mobile. Fusion Markets has exclusive access to cTrader and MetaTrader 5.
Dukascopy wins for safety and regulation with FINMA licensing and investor compensation coverage.
Dukascopy wins for active traders through genuine ECN execution and JForex automation.
Fusion Markets is better suited for scalpers: lower commission ($4.5/lot), tighter spreads from 0.00 pips.
Fusion Markets wins for platform choice with MT4, MT5 and cTrader.
Fusion Markets wins for beginners with no minimum deposit and no inactivity fee.
Dukascopy wins for instrument variety with about 1200 instruments.
Fees & Spreads 30% weight | 4.7 / 5▲ | 4.5 / 5 |
|---|
Platforms & Tools 20% weight | 4.4 / 5▲ | 3.9 / 5 |
|---|
Customer Support 10% weight | 4.0 / 5▲ | 3.8 / 5 |
|---|
| Founded | 2004 | 2017 |
|---|
| Headquarters | Plan-les-Ouates, Geneva, Switzerland | Melbourne, Australia |
|---|
| Min Deposit | $1,000 | No minimum▼ lower |
|---|
| Spreads From | 0.1 pips | 0 pips▼ lower |
|---|
| Commission / lot | $7/lot | $4.5/lot▼ lower |
|---|
| 0.8 pips | 0.45 pips▼ lower |
| Max Leverage | 200:1 | 500:1▲ higher |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit card | Bank transferCredit cardDebit cardSkrillNetellerPayPal |
|---|
| Withdrawal methods | Bank transferCredit card | Bank transferCredit cardSkrillNetellerPayPal |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FINMA FSA Seychelles | ASIC VFSC |
|---|
| Platforms | Proprietary Web/Mobile MetaTrader 4 | cTrader MetaTrader 5 MetaTrader 4 |
|---|
| Active bonuses |
|---|
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Investor compensation scheme coverage
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
Phone support available
Multilingual customer support
Pros
Among the lowest ECN commissions globally at $4.50/lot round-turn
No minimum deposit and no inactivity fee
Supports MT4, MT5, and cTrader
ASIC regulated with strong Australian broker infrastructure
ETF CFDs available at the same ultra-low commission rate
Client funds held in segregated accounts
Negative balance protection
Raw spread account available
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
Cons
CHF 1,000 minimum deposit excludes traders starting with less than USD 1,000
JForex has a steep learning curve; designed for professional clients
Customer support primarily Swiss business hours
Not available to US residents
No negative balance protection
No 24/5 live chat
Cons
Smaller, newer broker (est. 2017) with limited global brand recognition
Limited research and educational content
VFSC license used for non-AU clients offers fewer protections
No investor compensation scheme
No proprietary platform
Limited charting capabilities
No 24/5 live chat
No phone support
Support available in limited languages
Dig deeper into each broker’s features, fees, and regulation.
Score 4.2 / 5
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